SaviCorp® Seeks to Reduce Emissions and Petrol Consumption in Fleet and Daily-Use Vehicles

Tuesday, December 03, 2013

SANTA ANA, Calif. – SaviCorp® (PINKSHEETS: SVMI) is pleased to announce that it has recently secured a letter of authorization and contact lists from the New York City Taxi & Limousine Commission (TLC) in order to market its innovative emission reduction systems to more than 250,000 public and private transportation companies. The company has also proposed its performance enhancing technologies to the United States Postal Service (USPS), which has the potential to include 500,000 daily service vehicles.

In targeting the New York City TLC and USPS, SaviCorp® is seeking to stem the flow of carbon emissions and tremendous dependence on costly petroleum products by offering its proven emission reduction technologies to daily use vehicles. SaviCorp® hopes to employ its products within industries that continually suffer from financial burdens in regards to fuel, as well as those responsible for substantial carbon emissions.

USPS measures the fuel consumption of its fleet vehicles in GPH (gallons per hour), not MPG (miles per gallon). In a comparison of two USPS vehicles tested with SaviCorp® technology, the average fuel saved per day totaled one gallon. SaviCorp®’s current proposal covers 129,000 USPS fleet vehicles and at an average of one gallon per vehicle saved daily, with a national fuel price average of $3.25 per gallon, the resulting benefit would top $419,250 in daily fuel savings or an annual savings of $153,026,250.

“Taxi services, private limousines, van services and other transport and delivery vehicles are active nearly every day of the year. It’s these vehicles that are in desperate need of better fuel economy and lower emissions,” said Serge Monros, CEO of SaviCorp®. “With the help of SaviCorp® technologies and products, we’re hoping to prove that while these industries and their vehicles are heavily relied upon in a daily capacity, there’s something that can be done in the way of making them less impactful, both financially and environmentally.”

SaviCorp®’s highly successful flagship product, the DynoValve®, has already been approved by the New York City TLC after being inspected and passed by the TLC's Emissions & Safety Division. In securing a letter of authorization and contact lists from the New York City TLC, SaviCorp® will begin an aggressive marketing campaign to introduce its technologies to one of the most prolific transportation industries in the continental United States.

In conjunction, with the current USPS proposal, SaviCorp® hopes to grow its campaign across the country, illustrating the many benefits of DynoValve® and other peripheral SaviCorp® products that have already been proven in demand throughout Europe and the Middle East.

To learn more about SaviCorp®’s products or to for more information regarding its recent distribution campaigns, please visit the company website at http://www.savicorp.com/.

About SaviCorp®

SaviCorp® is an innovative automotive technology company that licenses, manufactures, distributes and services an array of patented technologies and products that reduce harmful emissions and improve fuel efficiency. The company, an evolution of more than twenty years of automotive engine emissions testing, materials research and development, was formed to create, support and license its patented supplementary vehicle Emissions Reduction Technologies (ERT). Using proprietary methods and processes, the company’s flagship DynoValve® system protects the environment, lessens an engine’s carbon offsets, increases gas mileage and improves engine performance, resulting in dramatic savings in both fuel and oil.

Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Many factors could cause actual results to differ materially from our forward-looking statements.